Drone Destination IPO vs Tridhya Tech IPO

Comparision between Drone Destination IPO and Tridhya Tech IPO.

IPO Details

Drone Destination IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Tridhya Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Drone Destination IPO	Tridhya Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Interactive Financial Services Ltd
Registrar	Maashitla Securities Private Limited	Link Intime India Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Econo Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Drone Destination IPO is up to ₹44.20 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹26.41 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	Drone Destination IPO	Tridhya Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹62.00 per share	₹35.00 per share
Issue Price (Upper)	₹65.00 per share	₹42.00 per share
Issue Price (Final)	₹65.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	68,00,000 shares	62,88,000 shares
Fresh Issue Size (Amount)	up to ₹44.20 Cr	up to ₹26.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,00,000 shares	62,88,000 shares
Issue Size Total (Amount)	up to ₹44.20 Cr	up to ₹26.41 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of Drone Destination IPO and Tridhya Tech IPO is Jul 13, 2023, and Jul 05, 2023, respectively.

	Drone Destination IPO	Tridhya Tech IPO
Anchor Bid Date	Jul 06, 2023	Jun 27, 2023
Issue Open	Jul 07, 2023	Jun 30, 2023
Issue Close	Jul 13, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 17, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 16, 2023	Oct 08, 2023

Financials

Drone Destination IPO P/E ratio is 64.35, as compared to Tridhya Tech IPO P/E ratio of 26.09.

Drone Destination IPO

Tridhya Tech IPO

Financial

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.14%

80.8%

Promoter Shareholding (Post-Issue)

62.31%

58.98%

P/E Ratio

64.35

26.09

Market Cap

₹157.95 Cr.

₹97.81 Cr.

ROE

13.90%%

2.85%%

ROCE

18.65%%

9.69%%

Debt/Equity

0.06

1.23

EPS

₹25.80

₹44.44

RoNW

13.90%%

65.52%%

Shares Offered

In the Drone Destination IPO retail investors (RII) are offered 22,05,000 shares while in Tridhya Tech IPO retail investors are offered 22,05,000 shares. Qualified institutional buyers (QIB) are offered 12,62,000 shares in Drone Destination IPO and 15,54,000 shares in Tridhya Tech IPO.

	Drone Destination IPO	Tridhya Tech IPO
Anchor Investor Reserveration	18,88,000 shares	14,31,000 shares
Market Maker Reserveration	5,00,000 shares	3,15,000 shares
QIB	12,62,000 shares	15,54,000 shares
NII	9,45,000 shares	8,97,450 shares
RII	22,05,000 shares	20,90,550 shares
Employee	0 shares	0 shares
Others
Total	44,12,000 shares	45,42,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 191.65x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	Drone Destination IPO	Tridhya Tech IPO
QIB (times)	50.46x	15.62x
NII (times)	243.85x	181.72x
Big NII (times)
Small NII (times)
RII (times)	250.09x	67.62x
Employee (times)
Other (times)
Total (times)	191.65x	72.38x

Compare with others

Drone Destination IPO	Tridhya Tech IPO
Khazanchi Jewellers IPO	Drone Destination IPO
Srivari Spices and Foods IPO	AccelerateBS India IPO
Asarfi Hospital IPO	Synoptics Technologies IPO
Service Care IPO	Alphalogic Industries IPO
Ahasolar Technologies IPO	Global Pet Industries IPO
AccelerateBS India IPO	Magson IPO
Synoptics Technologies IPO	Greenchef Appliances IPO
Alphalogic Industries IPO	Veefin Solutions IPO
Global Pet Industries IPO	Pentagon Rubber IPO
Tridhya Tech IPO	Kaka Industries IPO

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